The Lubrizol Corporation
29400 Lakeland Boulevard, Wickliffe, OH 44092-2298
Lubrizol LifeSciences, Including Vesta, to Showcase Expanded
Medical Device Solutions at MD&M West 2016
CLEVELAND, February 9, 2016 -The Lubrizol Corporation's LifeSciences business including Vesta will showcase its total solutions capabilities at the MD&M West 2016 Exposition
(Booth 2301), February 9-11 at the Anaheim Convention Center in Anaheim, CA. Lubrizol LifeSciences is a healthcare solution partner for medical device manufacturers who need product development support and drug eluting device solutions. LifeSciences, along with Vesta and Particle Sciences, is positioned as the only healthcare product solution partner offering polymer customization, complex drug formulation and contract manufacturing solutions.
Vesta offers custom contract manufacturing services, including precision silicone and thermoplastic extrusion as well as comprehensive silicone fabrication. With decades of experience, the company's service, engineering expertise and commitment to quality are sought by customers worldwide. Vesta's combined team works together to care for the life of customer products.
"We have significantly enhanced our capabilities through the combination of strong polymer technology, application know-how and world-class component manufacturing," states Deb Langer, vice president and general manager, Lubrizol LifeSciences. "As healthcare companies look for total solution providers, we continue to focus on the right areas in order to provide valuable offerings to our customers."
To show their commitment to the medical device market, LifeSciences is investing more than $15 million to expand its global development and manufacturing facilities, positioning Lubrizol to better serve the growing market for medical device development and contract manufacturing. This capital investment will expand multiple facilities and increase Lubrizol LifeSciences' in-house engineering capacity for both silicone and thermoplastic products. Part of this investment expands Vesta's thermoplastic capabilities to include: tip forming, tube flaring, pad printing, hole punching/drilling, precision cutting, reflow, braided tubing lamination and more.
"When customers partner with Lubrizol LifeSciences, they benefit from working with us at every stage in their development process," states Robert Miller, global business director, medical devices. "With a long history of polymer expertise and significant investment, Lubrizol LifeSciences is positioned to offer full-service development for next generation medical and pharmaceutical innovations."
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About The Lubrizol Corporation
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers' products while reducing their environmental impact. It produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care and personal care products and pharmaceuticals, and specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives. Our products for the oilfield market include technologies for exploration, production and transportation.
With headquarters in Wickliffe, Ohio, Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 9,000 employees worldwide. Revenues for 2014 were $7 billion. For more information, visit Lubrizol.com.
This announcement is distributed by NASDAQ OMX Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Lubrizol, 29400 Lakeland Boulevard, Wickliffe, Ohio 44092, USA
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